NEW YORK, NY — Leading business publication Inc. announced today that iCapital1, the global fintech platform driving access to alternative investments for the wealth management industry, has been named to the Inc. 5000 list, which tracks America’s fastest-growing private companies. The prestigious ranking provides a data-driven look at the most successful companies within the economy’s most dynamic segment—its independent, entrepreneurial businesses.
iCapital ranks at No. 1,597 across all industries on the 2024 Inc. 5000 list and is listed as the 93rd fastest growing private financial services company in the country.
“We are thrilled to be recognized for not just our strategic growth initiatives, but also our work to innovate the entire alternative investment ecosystem,” stated Michael Kushner, Managing Partner and Chief Financial Officer of iCapital. “Making it to the Inc. 5000 list not only highlights our strong position in the industry, but also sets the stage for future growth and success. We look forward to continuing our work to transform the technology underpinning the global alternative investments marketplace.”
The Inc. 5000 class of 2024 represents companies that have driven rapid revenue growth while navigating inflationary pressure and the rising costs of capital. Among this year’s top 500 companies, the average median three-year revenue growth rate is 1,637 percent. In all, this year’s Inc. 5000 companies have added 874,458 jobs to the economy over the past three years.
For complete results of the Inc. 5000, including company profiles and an interactive database that can be sorted by industry, location, and other criteria, go to www.inc.com/inc5000. All 5000 companies are featured on Inc.com starting Tuesday, August 13, and the top 500 appear in the new issue of Inc. magazine, available on newsstands beginning Tuesday, August 20.
Inc. 5000 Methodology
Companies on the 2024 Inc. 5000 are ranked according to percentage revenue growth from 2020 to 2023. To qualify, companies must have been founded and generating revenue by March 31, 2020. They must be U.S.-based, privately held, for-profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2023. (Since then, some on the list may have gone public or been acquired.) The minimum revenue required for 2020 is $100,000; the minimum for 2023 is $2 million. As always, Inc. reserves the right to decline applicants for subjective reasons. Growth rates used to determine company rankings were calculated to four decimal places.
1. iCapital, Inc. and its affiliates (together, “iCapital”)
Disclaimer
This material has been provided to you for informational purposes only by iCapital, Inc. and/or one of its affiliates including Institutional Capital Network, Inc. (collectively, “iCapital”). This material is the property of iCapital and may not be shared without its written permission. No part of this material may be reproduced in any form, or referred to in any other publication, without express written permission of iCapital. “iCapital” and “iCapital Network” are registered trademarks of Institutional Capital Network, Inc.
© 2024 Institutional Capital Network, Inc. All Rights Reserved.
